Seeds Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, The global seed market size is expected to reach $93.02 Billion by 2028 growing at a CAGR of 7.12% from 2021 to 2028. Seeds are mature, fertilized ovules produced by flowering plants as part of their reproductive process. Encased in a protective seed coat, seeds contain the embryo of a new plant along with stored nutrients to support its initial growth. Seeds serve as a means of plant propagation and dispersal, facilitating the continuation of plant species. They can vary widely in size, shape, and structure, depending on the plant species. Seeds are crucial in agriculture, horticulture, and natural ecosystems, as they are the starting point for the growth and development of new plants, giving rise to roots, shoots, and leaves as they germinate and establish into mature plants.

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The Seeds market is primarily driven by the increasing global demand for food, coupled with a growing emphasis on crop productivity and the adoption of advanced agricultural technologies, driving the need for high-quality seeds with traits such as improved yield, disease resistance, and tolerance to environmental stresses. Additionally, advancements in biotechnology and the development of genetically modified (GM) seeds contribute to the market's growth by offering innovative solutions for enhanced crop performance.

Key Players
Some of the major seed market players holding high market shares include BASF, Bayer, Syngenta Group, KWS SAAT, and Land O' Lakes. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Sakata Seed Corporation, Groupe Limagrain, Corteva Agriscience, UPL Limited, and DLF.

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Segmental Analysis
Based on Type, the Seeds market is segmented into conventional and genetically modified. The dominance of the Conventional segment in the seed market is attributed to sustained demand from farmers who prefer traditional breeding methods, emphasizing open-pollinated varieties and heirloom seeds, often driven by concerns about seed saving, biodiversity, and the avoidance of genetically modified organisms (GMOs).

Based on Crop type, the seed market is Cereals & grains, Oilseeds & pulses, Fruits & vegetables, and Others. The seeds market projected high CAGR in the Cereals & grains segment is attributed to the escalating global demand for staple food crops, increased focus on enhancing cereal and grain yields, and the adoption of hybrid and genetically modified seeds to address food security challenges and support sustainable agriculture practices.
Based on Trait, the Seeds market is segmented into Herbicide-tolerance, Insect-resistance, Others. The dominance of the Residential segment in the Seeds market is attributed to a heightened focus on maintaining pest-free living environments, increasing urbanization, and a growing population, leading to a rising demand for professional Seeds services to address and prevent pest infestations in homes.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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